2671 Hampshire Road, Cleveland Heights, OH 44106
MULTI_FAMILY - Cleveland Heights, OH
- Added:
- Mar 5, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 9 at 12:06 am
Property Features for 2671 Hampshire Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Laundry Room, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 685-09-039
- Size
- 2,594 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5483
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Building materials
- Brick, Cedar, WoodSiding
- Roof type
- Asphalt, Fiberglass
Listing agent Sam Zimmer License #2013004655 (216) 469-4635
Listing office Keller Williams Greater Metropolitan 29225 Chagrin Boulevard #105, Cleveland, OH (216) 839-5500
Listing date Mar 5, 2026
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick home with cedar and wood siding; heated by natural gas with forced air and baseboard
- 5 bedrooms and 3 bathrooms, plus a laundry room and a basement for additional storage
- Roof replacement in 2012 (asphalt/fiberglass shingles)
- Public utilities: public water and public sewer
- Garage parking; includes 3 occupied upper units on month‑to‑month leases at $900/month (second and third floors)
- First‑floor unit currently vacant—option to move in while the upper units generate income
Overview
The property is located in Cleveland Heights, Ohio, about one block from Coventry, with a short drive to the Cleveland Clinic, University Hospitals, and the museums of University Circle. The lot size is approximately 0.14 acres, and the total property size is listed at 2,594 square feet.
For an investor or owner-occupant, the configuration creates a workable live-in-and-rent setup: the vacant first-floor unit allows immediate occupancy, while the upper units remain in place with month-to-month tenancy. The basement storage and established unit finishes can be attractive for tenants seeking day-to-day usability, while the roof replacement provides a tangible maintenance item for a new owner to account for.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $16.20 |
| − Vacancy | −$2.7k | −$1.05 |
| EGI | $39.3k | $15.15 |
| − OpEx | −$11.8k | −$4.54 |
| NOI | $27.5k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cleveland Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.584675
- Latitude
- 41.509169
